URBANET CORPORATION CO.,LTD. [3242.T]
TOKYO, Jun 18 (Pulse News Wire) – Urbanet Corporation CO.,LTD. (3242.T) announced today that its board of directors decided to alter the purpose of some rental properties to sales assets based on portfolio review considerations.
The company currently holds rental properties aimed at ensuring stable rental income. However, due to factors such as asset profitability, future prospects, and efficiency, the board resolved to shift the purpose of certain properties from fixed assets to saleable real estate. One property located in Kawasaki City, Kanagawa Prefecture, with a book value of approximately ¥350 million, will undergo this change effective June 18, 2026.
The transfer price will be set at the book value. As of now, there will be no impact on the fiscal year ending June 2026. Urbanet Corp stated it would promptly disclose any potential effects on its finances and performance moving forward.
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